NOT LISTED FOR SALE

502 Bay St Unit 1-4 Chippewa Falls, WI 54729

Estimated Value: $333,711

-- Bed
-- Bath
3,800 Sq Ft
$88/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $200,000 $53 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,159/month

27 Days on Market

About This Home

As of January 2019

Incredible cash flow. Four units (502 and 506 Bay Street) in 2 separate buildings on the same lot. Three of the four units have been completely remodeled. Fourth unit could be rehabbed if buyer wants to increase rent but has solid long-term tenant. New roof, drywall, HVAC, furnace and flooring throughout three units. Has a new hot water heater. Property can come as part of a package deal w/ 240 W Cedar Street (triplex) PID 22808062460070208. All 7 units on sale for a total of $345,000.

Last Agent to Sell the Property

Butch Rickun

Homestead Realty License #57276-90 Listed on: 11/10/2018

Last Buyer's Agent

Nick Cernohous

Keller Williams Realty Diversified License #88424-94

Keller Williams Realty Diversified

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,316

Year Built

  • Built in 1890

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Quadruplex
  • Block Foundation
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 3,800 Sq Ft Home
  • Partial Basement

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 22808061360060801

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,316

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Directions: West River Street to Island Street. East on West Willow Street. Property on Corner of West Willow and Bay Street.
  • Lot Size: 133 x 62 x
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Year Built: 1890
  • Lot Size Acres: 0.18
  • Co List Office Phone: 800-339-4444
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 3800.0
  • Living Area: 3800.0
  • Property Sub Type Additional: Quadruplex
  • General Property Information Below Grade Unfinished Area: 1600.0
  • Special Features: None

Interior Features

  • Has Basement: Partial
  • Basement YN: Yes

Exterior Features

  • Foundation Details: Block, Poured
  • Waterfront: No
  • Construction Type: Vinyl Siding

Utilities

  • Cooling: Central Air, None
  • Electric: Circuit Breakers
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Chippewa Falls

Lot Info

  • ResoLotSizeUnits: Acres
  • Parcel Number: 22808061360060801
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 4316.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 3, 2023
Sold by
Shakina Investments Llc A Wisconsin Li
Bought by
City Of Chippewa Falls
Current Estimated Value
$333,711

Purchase Details

Closed on
Jun 8, 2022
Sold by
Stephenson Eric S
Bought by
Shakina Investments Llc

Purchase Details

Closed on
Jun 11, 2018
Sold by
Balsiger Allen C
Bought by
Brackenwagen Real Estate

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
City Of Chippewa Falls $400 Todd Wright
Shakina Investments Llc $208,500 Attorney Adam B. Rasmussen
Brackenwagen Real Estate -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brackenwagen Real Estate $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2019 01/07/19 Sold $200,000 -14.5% $53 / Sq Ft
12/08/2018 12/08/18 Pending -- -- --
11/10/2018 11/10/18 For Sale $234,000 -- $62 / Sq Ft
Source: Northwestern Wisconsin Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,677 $226,500 $47,000 $179,500
2023 $3,936 $206,500 $47,000 $159,500
2022 $4,223 $205,800 $47,000 $158,800
2021 $4,009 $205,800 $47,000 $158,800
2020 $4,242 $205,800 $47,000 $158,800
2019 $4,075 $156,800 $40,900 $115,900
2018 $3,965 $156,800 $40,900 $115,900
2017 $4,316 $156,800 $40,900 $115,900
2016 $4,397 $156,800 $40,900 $115,900
2015 $3,326 $156,800 $40,900 $115,900
2014 $3,509 $156,800 $40,900 $115,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Butch Rickun

    Homestead Realty

  • Nick Cernohous

    Buyer's Agent in 2019

    Nick Cernohous

    Keller Williams Realty Diversified

    (715) 225-0970

    18 in this area

    190 Total Sales

    Nick Cernohous
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Map

Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1525627

Northwestern Wisconsin Multiple Listing Service

APN: 22808-0613-60060801

Wisconsin Chippewa County Chippewa Falls 54729

502 Bay St Unit 1-4, Chippewa Falls, WI

This home is located at 502 Bay St Unit 1-4, Chippewa Falls, WI 54729 since 10 November 2018 and is currently estimated at $333,711, approximately $87 per square foot. This property was built in 1890. 502 Bay St Unit 1-4 is a home located in Chippewa County with nearby schools including Parkview Elementary School, Chippewa Falls Middle School, and Chippewa Falls High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwestern Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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